Friday, February 06, 2015

Remember When He Was The Smart Wonky One

Probably smart enough to know when to get out of town, at least.
Louisiana’s budget shortfall is projected to reach $1.6 billion next year and to remain in that ballpark for a while. The downturn in oil prices has undoubtedly worsened the problem, forcing midyear cuts to the current budget. But economists, policy experts and lawmakers of both parties, pointing out that next year’s projected shortfall was well over a billion dollars even when oil prices were riding high, turn to a primary culprit: the fiscal policy pushed by the Jindal administration and backed by the State Legislature.

“Is he responsible for the full $1.6 billion?” Mr. Scott asked. “I’d say no. But I’d say he’s responsible for the order of magnitude.”